They work to align the teams they work with around a shared vision, help to resolve conflicts, and remove roadblocks to success. "In my experience, there are three main reasons that team members I work with are resistant to change. Glassdoor has put the product manager job in their top 10 of the best jobs list in the U.S. and the U.K. for 2022. Weve divided the questions into the subcategories product strategyandproduct vision & design,as the onsite rounds usually include two separate interviews devoted to each of these subcategories. I asked him to articulate the reasons why he felt we needed to move away from the current solution and to describe the new features he was looking for in a replacement solution. Coinbase Associate Product Manager Interview Questions Updated May 18, 2022 Find Interviews To filter interviews, Sign In or Register. All questions are good questions, so go ahead! PMs involved in the interview process were all retail focused, despite the fact I come from an institutional asset management/trading background. I also love working as a product manager because I genuinely enjoy people and working on behalf of my customers. Alternatively, if youre looking to save time and access everything you need in one place, we recommend taking the product manager interview course. Youll notice a fair amount of product metric questions in the mix. [from Coinbase], Tell me about the technical complexities of this (past project on resume) [from Coinbase], Explain recursion to my grandmother [from Google], How does the internet work? I then walked through the gaps that he highlighted as the most significant to him. We assigned two junior accounting analysts to the task of reviewing the report regularly and addressing any billing or scheduling errors. I am also a member of several crypto enthusiast forums online. He went out on his own and reached out to several vendors regarding replacement possibilities. It sets the stage for the ability to choose where to live, how to live, and where to invest my energy. Written by Karrie Day on May 2nd, 2022 Remember To Remember to properly research the mission of Coinbase before any interview. Mission and vision of the company is very important "There are a number of factors to consider when prioritizing product development work. Remember to add in a feature that would set your kitchen faucet apart from the standard offering within the faucet market. Interviewers value candidates that know how to weave multiple sources together to identify feedback themes and develop strategies to improve upon any issues that arise. Interviewers can often sense when a candidate is inauthentic, so it is important to be honest. All interview questions are submitted by recent Coinbase candidates, labelled and categorized by Prepfully, and then published after verification by current and ex- Coinbase employees. We hire professional interviewers (people with multiple years of experience interviewing candidates) to help us create our interview questions and write answer examples. , which is targeted at Facebook but contains a method that is applicable at Coinbase as well. I would be honored to use my skills to contribute to the mission of Coinbase in this capacity.". Some team members fear that the next round of changes might experience similar outcomes, and they struggle to move forward. It became very clear to him that replacing the current solution was not as easy as just selecting a new asset management system for his team. Increase your offer with our expert negotiators. This may include using demo versions of competitor products or posing as a customer to test how they perform in customer service scenarios. Coinbase seeks to hire product managers that are passionate and knowledgeable about crypto trading. To take a deeper dive into the execution interview, check out our comprehensive guide. A few items were quick-hit configuration adjustments I was able to implement within days. I interviewed at Coinbase (New York, NY) in Mar 2022. I have been trading crypto since 2012. For example, if a product has a mobile and a web version, the roadmap will show the timeline for the development of major feature sets or upgrades across each version of the solution. There were 3 rounds of interviews. In your execution interview, Coinbase will ask questions about how you identify and prioritize opportunities, and execute against them to build products. I asked him to join the steering committee I regularly facilitated and he proved to be a huge asset to the group.". This includes the buying and selling of Bitcoin, secure storage of Bitcoin in the cloud, and a suite of merchant tools. My clients were thrilled about the savings and their staff raved about how much less stressed they felt with the reduced time spent on the phone scheduling bookings. I would research the claims to ensure they are supported through reliable data based on similar implementations.From there, I would do research on my own to help me assess customer impact. Wasn't particularly crypto focused, I had no prior crypto knowledge. We decided to house the new functionality within a site our customers were already using. I worked at this company as a product manager responsible for various features on the company's website. These interviews will include one or two questions and/or a case study that will require you to dive deep into the problem, explain your thinking, and come out with a workable solution. Coinbase Engineering Manager Interview Questions Updated 2 Sep 2022 Find Interviews To filter interviews, Sign In or Register. Describe in your current role how you've created something that didn't previously exist to solve a problem you identified. Anyone looking to join Coinbase? I would regularly advocate for the customer and help my teammates learn to consider their needs while working to develop the products I am responsible for. As the rounds are shorter than the onsite interviews at other companies, practice giving your answers quickly and concisely. For example, Microsoft found that they could solve eighty percent of the crashes and errors in their software by resolving the top twenty percent of the reported issues with their systems. A program manager has oversight over the strategy for the success of project execution within a defined portfolio. Remember to use the terms "direct" and "active" somewhere in your response. They may also work with marketing, legal, and other business teams as needed. Finally, I would have regular discussions with Coinbase employees, friends, and family members who trade crypto. This includes the strategic planning and analysis activities necessary to develop budgets and performance projections for a project. Product managers are often required to teach others about new and highly technical concepts before they gain popularity. The roadmaps they build are easily understood and are backed by reliable analysis. Conversely, I am analytical, and this role allows me to sift through the data to find the metrics needed to support strategic decisions. The company normally booked studio resources in daily increments, but they allowed clients to split studio time when the crews could be shared across both groups over the course of a day. How much do Coinbase Product Manager employees get paid? (resume review and/or interview prep), or viewing open market positions directly without . The goal of this interview is to show that you have the technical knowledge and interpersonal skills to build relationships with teams of engineers. Well dive deep into the exact questions you can expect during these interviews in section 2 of this guide. Be ready to share your product experience and enthusiasm for cryptocurrency, as well as how all of that ties in with Coinbases vision. Tell me about a time you had a conflict with someone. Initial phone screen with a recruiter followed by 2 interviews with PMs on the retail team. Wahi worked as a product manager at Coinbase and had detailed knowledge of the company's plans to list new crypto assets. [from Coinbase], How would you decide goals for Spotify? Behavioral Interviews: Creating Your Story Bank, Amazon Behavioral PM, Technical Mock Interview, sample role play execution mock interview video. During these interviews, show off your understanding of and enthusiasm for Coinbases product, your focus on its users, and your ability to tackle ambiguous problems. There is no specific right answer, but your answer should demonstrate your preference is based on the benefits offered by the methodology you select. I believe in setting up an optimal physical environment, and I change locations from time to time when I need inspiration or a change of pace. Coinbase also emphasizes its values throughout the interview - research these and be sure to speak off of them throughout the interview day. Remember to include a description of the benefits that were realized as a result of the improvement you were responsible for. To look at the product sense interview in a bit more detail, check out our. You'll experience a variety of interview types, as discussed in the next section. I then took the time to walk him through the business model and finances for the current solution. "We expect to build - on the other side of this crypto winter - an awesome asset-management business." Product managers at Coinbase play an integral role in determining the features that are built within a product, but they are required to collaborate with engineering teams in many cases. Obviously, usage and sales that increase or decrease shortly after a launch are very telling. This guide focuses on Facebook, but as Coinbase follows a similar interview process, it will be relevant for both companies. I worked with one of our top customers to test the new features. Coinbase leverages technology to build products to serve the crypto trading community. What metrics did you use to measure success? Coinbase has different stages of the interview process, where they ask candidates various data science interview questions. This is often the case after an issue with a product launch or a period of poor product performance. I applied this principle directly in my work as a product owner at my last company. Asked at coinbase , flipkart & 4 other companies . On a professional level, it is expected that I will always need to learn within the roles I seek out. In the example of the software product manager I gave, they may work alongside a program manager to coordinate interdependencies across teams. "The first important function of competitive analysis is for a product manager to understand their own company's position. Alternatively, a flat fee could also make sense. Shockingly unprofessional, I don't think I'd ever want to be part of a company that lacked the courtesy of at least giving the candidate a "yes" or "no. Coinbase interviews focus on six specific qualities: They usually test these qualities onsite via two product sense rounds (product strategy and product vision & design), one product execution round, and one round with an engineering team (technical knowledge and leadership/communication). My favorite is scrum. I have used almost every platform available and I am very knowledgeable about the pros and cons of each. What was the outcome of that choice? Sometimes team members will challenge the value of a feature I advocate for because they are lacking context. Product managers at Coinbase are responsible for developing the vision for the functionality available within their products. Product development at Coinbase requires collaboration across various cross-functional teams. I applied through an employee referral. I would explain that the blockchain represents the process of making sure the Pokemon cards are real and not fake. The process was two phone screens and a virtual onsite. Coinbase program managers help to integrate workstreams across complex projects. ~45 minutes each Try practicing with our question bank of behavioral PM interview questions. I like to be on the edge of new technology alongside the engineers that develop it. I also showed him a context diagram that explained the total user population and the integration model at a high level. Recruiter Call The first stage is a quick call with a Coinbase recruiter. Describe a successful product launch you were responsible for. To whom do you communicate this and how? Questions could focus on a product that you feel is a great product, why its a great product, and what youd do if you were a PM or the CEO of that company. I would explain that the information we keep in the blockchain is ordered based on the date and time each trade happened. The interview process for Coinbase PMs generally takes about three to six weeks to complete. Then, when it comes time for your interviews, these habits will reduce your stress and help you to make a great impression. Talked to the recruiter on the phone. This research also helps provide context for the metrics I monitor internally.". I am creative and I like to do big picture thinking. Additionally, I would work with internal support teams to assess any themes in user satisfaction that are related to the product. Additionally, include any metrics you tracked that clearly demonstrate the success of the launch. . To do this effectively, they must be able to motivate others, address conflicts, and build and maintain relationships. All interview questions are submitted by recent . Survived todays layoffs, but its seems clear they wont have openings to hire me at the end of my contract. He was able to gain an understanding of an area of operations within our company that he was previously unaware of. Learn more and start scheduling sessions today. Standard product sense and product execution. These responsibilities rely heavily on a product manager's intuition and creative thinking abilities. This question is asked to ensure a candidate is knowledgeable about competitor products in addition to the products offered by Coinbase. I typically offer a range that allows for unforeseen changes in the competitor market and shifts in my company's ability to quickly release value-add features. I learn about trends and seek to understand their thought processes so that I can grow my strategic and critical thinking skills.Additionally, I learn a great deal from the mistakes of my mentors. I worked the other changes into the product backlog based on their relative value to the other top priority work we already had scheduled. Coinbase has a huge user base, and it would be amazing to positively affect that many lives. For example, it would be important to continually read online reviews of your product in addition to monitoring customer support ticket metrics. Discovery 5. [from Coinbase], Tell me about a time when you had to make a key product decision. I work with several cross-functional engineering teams on projects that touch on these features. Product managers are tasked with explaining concepts to gain the buy-in needed to create change within the products they are responsible for. However, this question is asked to ensure a candidate understands product roadmaps well enough to contribute at the level appropriate for the role they are hired for. Here's a quick overview of the steps you may face along the way: Resume, cover letter, and referrals Recruiter phone screen (30-45 min) First-round interviews (2 rounds, 45 min each) Onsite interviews (4 rounds, 30-45 min each) "NFT stands for non-fungible token. "We expect to . "I really enjoy working as a product manager. The Risk team within ML builds scalable, adaptive, blockchain-aware ML systems that enable Coinbase to effectively manage risk for its products and continue to build trust with its users. I tracked metrics on the number of bookings that our customers were able to schedule. You can learn a step-by-step process for solving this type of question, and find additional practice questions, by reading our guide on how to answer technical questions in PM interviews. Coinbase's interview process is known to be highly competitive, given its integral position in the fin-tech ecosystem and recent growth with the rise of cryptocurrencies. Excellent product managers consistently deliver value. Coinbase will want to see how you pinpoint the most relevant goals for a product and pick the right metrics to measure them. It would also have a button that allows you to switch between spray and stream as well as a stream pause feature. Prior to launch, I coordinated a marketing campaign with my client's marketing and sales teams. 5 Coinbase Associate Product Manager interview questions and 5 interview reviews. Product managers at Coinbase are responsible for developing roadmaps for the products they are assigned to. A certain level of debt is to be expected, but teams should regularly dedicate time to assess debt levels and determine why debt has occurred. This question is asked to assess a candidate's communication, facilitation, and leadership skills that foster collaboration and alignment. Filter Found 12 of over 471 interviews Sort Popular Popular Most Recent Oldest First Easiest Most Difficult Interviews at Coinbase Experience Positive 42% Negative 17% Neutral 42% Getting an Interview Applied online 57% What was the problem, and how did you determine the course of action? Once a product manager has the appropriate context to work from, they can identify their top competitors as well as those who may be future competitors. Imagine you are the product manager for Google Maps. The sales staff repeatedly brought back positive customer feedback. Interviewers ask this question to assess how a candidate feels about the continual learning that is required for product managers at Coinbase. For this, interviewers test candidates execution skills. If all goes well, then this is your last step in the Coinbase PM interview process, and all you have to do is wait to (hopefully) receive your offer! For role-play execution-style questions, we recommend getting a mock interview partner in our Slack Channel and testing yourself. I first look for mentors who are strong in the specific areas in which I need to grow. Coinbase sUYb04 Practicing for Facebook style interviews is definitely the way to go :) You don't need to be a crypto/finance expert by any means, but I definitely recommend reading up on the industry just to have a baseline understanding while also showing that you have a demonstrated interest in the product/company/mission Here's the announcement about a special offer - learn more here. The process took 1 day. Digital assets are easily copied and trading an asset with an NFT proves that the asset is the original and a valid purchase. questions in the mix. I am adept at helping others understand customer perspectives and I feel my history and this skill set combined could help me to raise the bar of the teams I work with.". You can start by watching the Coinbase CEO's interviews and talks and Stratechery's article on Bitcoin. Jun 9, 2021 68 Dislike Share Save Dr. Nancy Li - Product Manager Accelerator 12.3K subscribers The must-ask product management interview question is What's your favorite product and how. Coinbase interviewers ask this question to determine if a candidate understands this key principle that many companies have adopted over the years. "I worked with an operations team that managed client billing for a large studio company. 'Institutional capital' "This is about wanting to bring more institutional capital into the world of crypto," Greg Tusar, Coinbase's head of institutional product, said in an interview with Bloomberg. I love that Robinhood does not charge a fee for deposits, trades, or withdrawals. In this interview its very important to have a structure in your thought process and to be able to revert back to your original idea / goal. They are looking to confirm that you've got a chance of getting the job at all, so be prepared to explain your background and why youre a good fit at Coinbase. For example, if a product features a Black Friday sale, the roadmap will show the marketing campaign activities such as customer outreach, market analysis, email campaign, SEO strategy, and pricing plan review. That was my first virtual experience, and I have worked in a completely virtual or hybrid setting ever since. They resist in those cases because they prefer to work with reliable solutions they know well. If possible, I bring in customers or coordinate shadowing opportunities to allow the customers to speak directly to their needs. But for most of us, it's tough to find the right connections to make this happen. Example PM interview questions asked at Coinbase:Leadership. Theyre looking for how you debug metric changes and set up a plan to address them. He did not understand which portions of the solution were provided by the vendor and which portions were additions and customizations we had built ourselves. I transitioned into product management three years ago and serve as a product manager at my current company. I would coordinate with our marketing team to inform our customers of the work we were doing to address their concerns. This question is asked to determine if a candidate's vision for the ideal qualities of a product manager aligns with the specific needs of Coinbase. "This is about wanting to bring more institutional capital into the world of crypto," Greg Tusar, Coinbase's head of institutional product who formerly headed up Goldman's entire electronic trading platform, told BBG in an interview. or "Tell me about a product you launched from start to finish.". The relative importance of each depends on the history of the product, the strategic plan, the competition, and the technology available. Overall positive experience despite the fact that they are clearly undergoing scaling challenges at the moment and their recruiting staff is quite task saturated. Product Management's Sacred Seven: The Skills Required to Crush Product Manager Interviews and be a World-Class PM (Fast Forward Your Product Career: The Two Books Required to Land Any PM Job): Detroja, Parth, Mehta, Neel, Agashe, Aditya: 9780578740584: Amazon.com: Books Books Computers & Technology Networking & Cloud Computing Buy new: $23.42 Product management is multi-faceted and complex. "I feel that everything we experience is shaped by information in one way or another, and there is always an opportunity to observe and learn. I was responsible for coordinating the work of a cross-functional team of analysts, engineers, and testers. I value having the freedom to choose where to work because I am in alignment with the goals of a company. We launched the product and I worked alongside my clients for the first two weeks of the launch to ensure that I was available to help resolve any issues. Standard Product Execution The interview process was fairly straightforward. Product managers at Coinbase are passionate about creating and maintaining an optimal customer experience. Discovery 3. Remember to include the assessment of the total market available in addition to the portion a specific product is expected to represent. Finally, I consider many of the people I teach or mentor as mentors as well. Interviewers are interested in hiring product managers that understand how to balance the demand for standard features with those that are perceived as new and exciting by customers. I find that maintaining a positive outlook helps to inspire others to do the same while we work to address the issues that led to the poor review. The role was paying less than what I am currently making at my current employer. [from Facebook], Facebook ads revenue dropped 20% what do you do? And it also gives you time to correct your early mistakes. Describe your communication style. Robinhood is an example of another easy-to-use product that is a competitor of Coinbase in the first-time user market. This interview will focus on how you analyze a set of constraints and problems to come up with the right set of metrics to measure success. Customer service issues meant a significant loss of revenue and sometimes the loss of a client when things went poorly. Finally, you should also try to practice product manager mock interviews with expert ex-interviewers, as theyll be able to give you much more accurate feedback than friends and peers. An interviewer may ask a question like this to assess a candidate's ability to discuss their vision for a product's design. [from Microsoft], Explain the concept of "protocol" to a 4-year-old child [from Google], What is the difference between C++ and Java? The article weve written on this topic can help you learn how to answer these questions in a measured, effective way. Thats why weve created a coaching service, where you can practice one-on-one with ex-interviewers from top tech companies, including Coinbase. Additionally, I would regularly read opinion pieces written about Coinbase. Tell me about a time when you were faced with a problem that had a number of possible solutions. They do not have as many trading options as Coinbase, but when I trade the more popular cryptocurrencies, I use Robinhood to avoid the fees.". "Technical debt represents the cost that must be incurred to address technical quality issues that occur for various reasons during the development process. I offered them a price reduction during the beta trial period. Anonymous Interview Candidate in New York, NY, I applied online. Whens the appropriate time to start sending out applications? Fourth, excellent product managers have a passion for creating optimal customer experiences. Learn more here. The engineering interview is the only time when interviewers may ask questions to test your technical knowledge. If you have any questions about Coinbase PM interviews, do not hesitate to ask them below, and we will be more than happy to answer them. Read our guide on what to expect in the Coinbase interview and how to prepare. I also helped coordinate the training of our internal staff to handle the new workflow accordingly. The work was highly technical and mission-critical. Practice with our team of senior tech coaches. Approaching each question with a predefined method will enable you to build strong interview habits. You're responsible for ensuring that all relevant product teams are aware of and build defenses against . Free interview details posted anonymously by Coinbase interview candidates. Final round (or "virtual onsite") consists of 4 interviews with PMs and one "bar raiser" interview with a non-PM. I like to work with skilled solution architects and designers to identify new technology needs as soon as possible so that we can plan for training and develop proof of concept models to test things out before we fully integrate them into our products. I would also take steps to develop a strategic plan to address long-term issues. Thats where practice comes into play. These calls are less evaluative in nature and more motivational & level-setting. Product managers are responsible for ensuring the right features are delivered at the right time. Free interview details posted anonymously by Coinbase interview candidates. What excites you about the product manager role? The DoJ noted this is the first insider trading. How would you expand the user base? I find this information helpful specifically when trying to mitigate threats or beat the competition to the market.". I would also circulate it and discuss it often to ensure that the teams involved understand the implications and interdependencies across the various streams of work. Teams should also develop strategies to address any avoidable or accidental technical debt causes in the future.". We were able to implement this change in process in less than two weeks. Interviewers ask this question to determine if a potential product manager is aware of the major competitors within this fast-paced and continually evolving market. I have also led various team-building activities to help my teams stay connected. Interviewers ask this question to ensure the candidate understands how to properly collect the data necessary to assess the health of their products from a customer experience perspective. DM me! This would serve as an incentive for customers to trade at higher volumes to save money. Etoro is also a strong competitor. Free interview details posted anonymously by Coinbase interview candidates. Coinbase Product Manager Onsite Interviews. Then did the first two interviews and literally never heard back despite hours of prep, etc. This question is asked to determine if a candidate has experience that will contribute to their success working in this type of environment. Can be open about your failures and talk through examples of what youve learned from them. If youre well prepared for these questions, then youll be ready to tackle the onsite interviews. Once the product strategy and design are set, PMs must decide how to measure the success of the product and troubleshoot any unforeseen issues. Also, including an example of how you have applied the principle in the past will add value to your answer. To get an offer from Coinbase, you must come to the interviews with a clear understanding of the company and its products. The course includes lessons on how to answer all question types, examples of high-quality answers, mock interview videos, and more than 300 practice questions. I would then develop a tactical plan to address any quick-hit items that had the potential to improve customer satisfaction. Product strategy is all about high-level thinking. Don't interview for Coinbase until you finish reading our guide to Coinbase PM interviewing. The website says it'll open in Q1 2023, but it seems like it's already closed. The questions aren't relevant to Coinbase's work or domain nor will they ask you about your past experience shipping products during the interview. It generally includes a recruiter screen, a technical screen (including a SQL coding test), a take-home challenge, and 'on-site' rounds, which are remote since Coinbase has no physical headquarters.